We first reported on the project back in 2010, when Chloe Moretz signed on to star as the title character. Then, in August 2011, Melisa Wallack (Dallas Buyers Club, Mirror Mirror) signed on to write the script, but that was the last we heard about the adaptation until now.
The character was created in 1993 by pro skateboarder Rob Reger, which was initially used to promote a clothing line. The adaptation reportedly centers on Emily's origin story and how she gains her ability to fuse technology and imagination. The story also follows Emily's relationship with her four cats, Sabbath, Nee-Chee, Miles and Mystery. Of course, now that a new writer is involved, this all could change.